Xcounter Share Discussion Threads

[buystock] 24/12/2009 09:44

Oy Ajat Ltd, Developer of Digital Radiation Cameras, Acquired by Swedish Company
Swedish company XCounter AB, which is listed on the AIM stock exchange, has acquired almost one-half of the Finnish technology company Oy Ajat Ltd. Vendors in this transaction, in addition to Ajat's executive management, are Finnish Industry Investment Ltd, which divested all its holding in the company, and also Thomcapital Oy.

Ajat develops and sells digital radiation imaging cameras for dentistry, medical applications and industrial use. Most notably, Ajat's technology has been highly successful in dental X-ray applications. The company's cameras are far more precise and faster than their market contenders and can, for example, inspect in real-time products moving on a conveyor belt.

"With customers in Europe, Asia and the USA, Ajat is an excellent example of a growth company that has succeeded in globally commercialising Finnish-developed technology," says Finnish Industry Investment Ltd's Investment Manager Heli Kukko.

Established in 2002, Ajat today employs 18 people. In 2008 the Espoo-based company generated net sales of over MEUR 3 and posted a profit

[buystock] 24/12/2009 08:15

today is the 1st day you can buy online.have whitehorse capital got all the spare very tightly held now went 2v1

[buystock] 24/12/2009 06:59

sharecrazy newsletter WHITEHORSE CAPITAL increase stake 11% jan bid 50p+ BOARD TALK =down&startMid=0&hash=4923b3487b4722103ba388f80b7be642&.jsrand=4448600

--- On Wed, 23/12/09, ShareCrazy.com wrote:

Stockholm, 22 December 2009


XCounter notification of changes in significant shareholdings


XCounter AB (AIM: XCT) ("XCounter"), a technology leader in the development of photon counting X-ray detectors and tomosynthesis based 3D medical imaging, announces today that it has received notification from Whitehorse Investing Ltd ("Whitehorse") that on the 21st December 2009 it purchased 734,786 XCounter shares taking its total shareholding to 4,834,786 shares which represents 11.1 % of XCounter RNS Number : 5662D
XCounter AB
03 December 2009




PRESS RELEASE



Stockholm, 03 December 2009


XCounter notification of changes in significant shareholdings


XCounter AB (AIM: XCT) ("XCounter"), a technology leader in the development of photon counting X-ray detectors and tomosynthesis based 3D medical imaging, announces it has received notification from Whitehorse Investing Ltd ("Whitehorse") that it has purchased 4,100,000
XCounter shares representing 9.41 % of the issued share capital of XCounter, from HealthCap. The Company has also received notification that funds managed by HealthCap have sold in aggregate 5,476,487 XCounter shares, representing 12.57% of the share capital in XCounter.

Whitehorse is an investor in a commercial partner of Oy Ajat Ltd, a company in which XCounter owns 49.8% and owns a call option for the remaining 50.2%

[buystock] 24/12/2009 06:54

AJAT - Finland

SMEP profile: AJAT is a specialised NDT engineering company with 12 full-time employees that designs, develops and manufactures in house, X-ray digital imaging cameras. AJAT's technology is cutting edge and is based on CdTe or CdZnTe bump-bonded to an ASIC. AJAT founded on 2001, this young company already has strong national and international connections and is located at Espoo, Finland. In Fiscal 2003 ending 8-2003 AJAT had revenues of approx. 400kEuro selling its innovative cameras. The company has invested over 2million Euros over the past two years in ramping development and production facilities and developing its products. It appears that AJAT is today in a unique position world-wide to provide direct conversion X-ray cameras based on CdTe-CMOS technology. The revenues for Fiscal 2004 are expected to be in excess of 800k Euros.

The research at AJAT is mainly centred on quality control and monitoring often for bespoke applications. NDT is performed primarily by use of X-ray imaging and X-ray energy dispersive measurements. Service inspection is performed, based on samples submitted for structural integrity assessment according to the customer's specific demands. These services are directed towards NDT quality control checks, spot tests for structural integrity / quality assessment, evaluation of internal geometry and for selection of samples and sample volumes for destructive (e.g. mechanical) tests.

Role in project and reason for participation: WP-B Manager: (PSC): Dr. Konstantinos Spartiotis, who holds a PhD in Physics, is the CEO and chairman of the company and will be a key member of the PSC. AJAT will develop and implement the next generation of direct conversion Dynamic Imaging X-ray camera, including a scanning solution. AJAT are in a unique position to achieve this by virtue of their experience and expertise in this field. The reason for participation is that AJAT wish to maintain the lead position they have built for themselves at a cost level they cannot maintain internally. The dissemination of their technology, particularly in such a large industrial sector is seen as a huge opportunity. The primary commercial interest lies in the market opportunities for fast highly accurate digital inspection technology. The current situation is that systems have to be demonstrated before they are adopted, and R&D efforts and hence costs are too high to enable SMEs to take a role in this regard. Detector technology developed to this level will result in significant international sales

[buystock] 24/12/2009 06:50

AJAT/SUREGRIP another industry 1st

[buystock] 24/12/2009 06:44

important bit from article our 2 scanners 100/300 now launched EquipmentThe study will use commercially available andnear-market radiographic technologies;• CR system: DR 1400 from CIT: differentphosphor plate makers will be evaluated• Flash Scan 33 flat panel digital detectorfrom Thales • AJAT 100TL digital detector• AJAT 300TL digital detector• NTB linear detector• Perkin Elmer portable digital flat paneldetector RID 512-400AL• Agfa Structurix radiographic film and othertypes on request from the sponsorsand here,s the baby for NDT pipe imaging mega

[buystock] 24/12/2009 06:42

full articleThis is the html version of the file
Google automatically generates html versions of documents as we crawl the web.
Page 1
Copyright © TWI Ltd 2009PR14610July 2009Comparison of Digital, Computed and ConventionalRadiography for the Inspection of Tubes and PipesFor: A Group of SponsorsSummaryRadiography is one of the major techniques used to carry out Non-Destructive Testing (NDT) on site and inthe laboratory, and is usually undertaken using the traditional radiographic film technique. This technique isstill extensively used throughout the industry since it is well known and gives excellent resolution. However,in recent times, radiography has seen new technologies emerge and is no longer limited to the use ofconventional film as the detection medium. Digital radiographic (DR) systems are being introduced into themarket with the potential to bring benefits such as reduced exposure times, real-time imaging, improvedanalysis tools and more efficient archiving of images. Figure 1 shows an example X-ray inspection of a waterwall boiler tube in which the application of computed radiography (CR) is applicable. There is a high demand from industry for a fast, cost effective and reliable radiographic technique fordetecting, locating and sizing of defects in pipelines and tubes. During manufacture time scales can be verystrict, and in service down time must be kept as low as possible. For these reasons, modern radiographymust be quick, easy to use and comparable to traditional film radiography in terms of image quality.Digital radiography (DR) and computed radiography (CR) are relatively new techniques and are not widelyused in industry due to a lack of confidence and knowledge in terms of reliability of detection. A testprogramme is proposed to explore the differences (advantage/disadvantages) between DR, CR andtraditional film radiography. The project will use a complementary theoretical and practical approach toprovide a complete comparison of sensitivity of detection, resolution, repeatability, cost, safety andpracticability. In order to ensure the results are directly applicable to industry, the research will be guided bythe requirements of the sponsors and combined to meet the British Standard and European Norm (BSEN)and American Society of Mechanical Engineers (ASME) Standards.WORLD CENTRE FOR MATERIALS JOINING TECHNOLOGYFigure 1 Computed Radiography phosphor plate X-ray image of water wall boiler tube. Crack detectedalong the pipe
--------------------------------------------------------------------------------
Page 2
Copyright © TWI Ltd 2009BackgroundRadiography is one of the oldest NDT techniques and has seen a dramatic improvement in the last 20years, bringing about a new era of modern radiography. The rapid evolution of detector technology isanalogous to the replacement of film-based camera photography with modern, high resolution digitalcameras. However, approximately 95% of radiographic inspections are still carried out using conventional film.Despite the advances in film technology, modern digital detectors can offer a number of advantagesover wet film, such as reduced exposure and processing times, improved safety as lower energiescan be used, and increased ease of use. Traditional radiography also requires the use of a dark room,potentially harmful film processing chemicals and climate-controlled space to archive radiographs.Where manual interpretation is used, considerable skill and experience is required to achieveconsistent, repeatable results. Furthermore, the use of conventional film, when inspecting thicksections such as high-pressure pipes or vessels, can result in very long exposure times of severalhours. Current progress in radiographic technology allows DR to directly compete with traditional filmradiography and CR as seen in Figure 2. The high sensitivity of modern detectors makes it possiblefor very short exposure times, reducing radiation energy and operator costs. It can also reduce therisk of exposure to personnel. More powerful computers allow the operator to inspect components inreal time with high accuracy and resolution, while ensuring the safe storage of the data.This project presents an opportunity for industry to directly compare the latest wet film technology withstate of the art digital techniques, and thereby assess the potential advantages to be achieved bymigrating to DR or CR. The project proposes to experimentally test and compare film radiographyagainst DR and CR. Importantly the experiments will represent real pipe and tube applications, asspecified by the sponsors, to allow direct comparison of the new techniques with current practice.Results will follow the recommendations of the BSEN and ASME standards to ensure that they aredirectly applicable during manufacture and on-site, and related to real problems in practical situations.Figure 2 Digital image obtained with AJAT 100TL. Crack in the middle of the weld, 30mm of super-duplex steel water pipe. Wire IQI Fe 6. Wire 12 visible. Objectives• Critically compare the performance of filmradiography with computed and digitalradiography.• Generate procedures and evaluationcriteria that can be directly applied to on-site radiographic inspection as required byinternational standards. Benefits• The ability to make an informed choice ofthe most appropriate radiographic tooltechnique.• The results will allow sponsors to reducetheir costs by migrating to digital orcomputed radiography.
--------------------------------------------------------------------------------
Page 3
Copyright © TWI Ltd 2009ApproachOverviewComparison will be made of the variousradiographic methods, from a user'sperspective, to include practical use,inspection times, training costs and cost studyfor each radiographic technique.Sponsors will be invited to present their needsin order to steer the experiments towardindustrial application, and to provide worksamples from real applications in order tomaximise the relevance of the project results.The work will use BSEN and ASTM standardsas a guide to ensure international quality andrecognition of the work achieved.EquipmentThe study will use commercially available andnear-market radiographic technologies;• CR system: DR 1400 from CIT: differentphosphor plate makers will be evaluated• Flash Scan 33 flat panel digital detectorfrom Thales • AJAT 100TL digital detector• AJAT 300TL digital detector• NTB linear detector• Perkin Elmer portable digital flat paneldetector RID 512-400AL• Agfa Structurix radiographic film and othertypes on request from the sponsorsIn order to be able to match industrialrequirements, X-rays and Gamma rays will betested according to companies' procedures interm of ionizing sources.MaterialsThe project will identify and study realisticcriteria for comparison, eg the detection ofboth artificial and real defects from samplesprovided by the sponsors.Samples will include, pipe and tube welds ofvarious materials and welding processes,including cladding, depending on thesponsors' identified areas of interest. Experimental workDR will be undertaken using the most relevanttechniques and directly compared with resultsachieved using traditional film. The images will be evaluated using ImageQuality Indicators (IQI) to assess the imagesensitivity, resolution and inherent un-sharpness at a given distance. Figure 3 is anexample of sharpness achievable with the CRtechnique. The following IQIs will be used:• Duplex wires: EN 462-5 ASTM E 2002Duplex IQI• Wire IQI: EN 462-1 Wire type IQIs• ASTM holes plates: ASME/ASTM E-1025plaque type IQIs• Shims made of different material, differentgapes, different thickness (2% sensitivity)to simulate various width cracks.Figure 3 Duplex IQI taken with CR 20 µmpixel size, on 4mm Ti plate. Profile, averaging50 pixels per column on the 11th, 12th and13th pair.The linearity of the different radiographictechniques will also be studied by producingtwo sets of data; the first by varying theamperage and the second by varying thevoltage of the X-ray source. In order to matchthe component to be investigated, the IQI maybe fabricated in the same material.All testing work will be in compliance withInternational Standards; the British andEuropean Standard BSEN and the AmericanStandard ASTM.The project will undoubtedly raise new issuesin terms of performance and acceptance.These will create an opportunity to shareviews and concerns with the relevantauthorities in order to ensure Standards matchthe new technology.
--------------------------------------------------------------------------------
Page 4
TWI TWI Ltd, Granta Park, Great Abington, Cambridge CB21 6AL, UKTel: [phone] Fax: [phone]Deliverables• A report detailing the advantages anddisadvantages of each technique: filmradiography, CR and DR for each sample• Data on test performance and imagequality.• Cost study for each radiographictechniqueProgress meetings will be held at regularintervals (approximately 6 months) throughoutthe project to allow the sponsors to review thework and steer progress. Progress reports willbe issued to sponsors prior to progressmeetings. A final report, giving all details andconclusions of the work undertaken will beissued on completion of the projectPrice and DurationA two year research programme is proposedto address the scope of the work with a totalbudget of £240,000 excluding VAT. It isproposed that six sponsors each contribute£20K per year, ie £40k total, to support thisproject. The project would commence with anagreed scope of work once four sponsorshave joined the project, and the overall scopeof work would be reduced accordingly if fullsponsorship is not achieved.Launch MeetingDate: Tuesday 22 September 2009Time: 1330 hoursVenue: TWI NDT Validation Centre (Wales)ECM2, Heol Cefn Gwrgan, Margam,Port Talbot, SA13 2EZ, UKFurther InformationFor further information please contact:Mr Damien PainTel: 01639 873100Email: [e-mail] Ian NicholsonTel: 01639 873100Email: [e-mail] Tat-Hean GanTel: [phone]Email: [e-mail]

[buystock] 24/12/2009 06:24

forefront of oil and gas NDT technolgy
PDF] WORLD CENTRE FOR MATERIALS JOINING TECHNOLOGY
File Format: PDF/Adobe Acrobat - Quick View
Radiography is one of the oldest NDT techniques and has seen a dramatic improvement in the last ... Figure 2 Digital image obtained with AJAT 100TL. ... In order to be able to match industrial requirements, X-rays and Gamma rays will be ...
www4.twi.co.uk/j32k/gsp/PR14610-ProjectOutline.pdf

[buystock] 24/12/2009 06:06

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.HomeCompanyOverviewCEO's MessageFacilityJournal PapersQualityProductsDentalSystemsSensors (OEM)Retrofit SensorsIndustrialApplicationsSensorsMedicalCompare sensorsServicesOverviewFlip-chip BondingSolder BumpingContactsContact Us. ApplicationsSensorsAjat's digital sensors and sensor technology has been incorporated in a plurality of industrial applications, which have benefited from the exclusive performance with regards to sensitivity, clarity and resolution, signal to noise ratio and contrast. Such applications include:

NDT of pipes and pipe welds
NDT of tube to tube sheet weld inspection in heat exchangers
Industrial CT and laminography for inspection of pipes in nuclear power stations
High quality backscatter imaging in real time and without moving parts
PCB, BGA, wire bonding inspection in micro and nanno-focus systems
Automatic X-ray Inspection (AXI) in the food and can industry
Fur, Cork, Seed inspection
Ultra High resolution Animal CT and micro CT
Whatever the application or the need for industrial non destructive or automatic inspection, AJAT works closely with its customers/partners, the system integrators (OEMs).

Since the imaging technology is based on individual imaging tiles (chips), it is very versatile and flexible and can be readily customized to the specific application needs.AJAT - Finland
SMEP profile: AJAT is a specialised NDT engineering company with 12 full-time employees that designs, develops and manufactures in house, X-ray digital imaging cameras. AJAT's technology is cutting edge and is based on CdTe or CdZnTe bump-bonded to an ASIC. AJAT founded on 2001, this young company already has strong national and international connections and is located at Espoo, Finland. In Fiscal 2003 ending 8-2003 AJAT had revenues of approx. 400kEuro selling its innovative cameras. The company has invested over 2million Euros over the past two years in ramping development and production facilities and developing its products. It appears that AJAT is today in a unique position world-wide to provide direct conversion X-ray cameras based on CdTe-CMOS technology. The revenues for Fiscal 2004 are expected to be in excess of 800k Euros.


The research at AJAT is mainly centred on quality control and monitoring often for bespoke applications. NDT is performed primarily by use of X-ray imaging and X-ray energy dispersive measurements. Service inspection is performed, based on samples submitted for structural integrity assessment according to the customer's specific demands. These services are directed towards NDT quality control checks, spot tests for structural integrity / quality assessment, evaluation of internal geometry and for selection of samples and sample volumes for destructive (e.g. mechanical) tests.


Role in project and reason for participation: WP-B Manager: (PSC): Dr. Konstantinos Spartiotis, who holds a PhD in Physics, is the CEO and chairman of the company and will be a key member of the PSC. AJAT will develop and implement the next generation of direct conversion Dynamic Imaging X-ray camera, including a scanning solution. AJAT are in a unique position to achieve this by virtue of their experience and expertise in this field. The reason for participation is that AJAT wish to maintain the lead position they have built for themselves at a cost level they cannot maintain internally. The dissemination of their technology, particularly in such a large industrial sector is seen as a huge opportunity. The primary commercial interest lies in the market opportunities for fast highly accurate digital inspection technology. The current situation is that systems have to be demonstrated before they are adopted, and R&D efforts and hence costs are too high to enable SMEs to take a role in this regard. Detector technology developed to this level will result in significant international sales.

www.ajat.fi

industrial ajat ndt technology 100/300 scanners PDF] WORLD CENTRE FOR MATERIALS JOINING TECHNOLOGY
File Format: PDF/Adobe Acrobat - Quick View
Radiography is one of the oldest NDT techniques and has seen a dramatic improvement in the last ... Figure 2 Digital image obtained with AJAT 100TL. ... In order to be able to match industrial requirements, X-rays and Gamma rays will be ...
www4.twi.co.uk/j32k/gsp/PR14610-ProjectOutline.pdf

[buystock] 23/12/2009 04:31

About Whitehorse Capital
Whitehorse Capital is a privately held investment firm focused on acquiring and managing technology businesses. Whitehorse Capital prefers to acquire these businesses through corporate divestiture and private sales. Backed by the capital and expertise of its founders, our acquisition and investment strategy is to target companies with revenues that range from $5 million to $50 million, and encourage their growth and development in an entrepreneurial and rewarding environment.

Key facts
◦The company and its affiliates have been active investors in technology since 1995.
◦Our portfolio is built around technology companies in software, hardware, telecommunications, operations and transaction management services.
◦Our acquisitions serve a customer base of millions of individual and corporate customers worldwide.
◦With the expertise and capability to manage for growth and profit, our management is focused on creating sustainable, world-class businesses.
◦Whitehorse Capital has offices in Los Angeles and London.

People
The Whitehorse Capital team has extensive experience in the management and development of large and profitable technology businesses in Europe, the USA and the Australia/Pacific region.

[top]

Whitehorse Capital's investment strategy is built around a simple philosophy that looks to create value for investors by giving management the freedom to execute commercial strategies within a well defined strategic framework that focuses on core competencies.



Philosophy
Our investment philosophy centres on partnering with entrepreneurs who have the vision, character, and ambition needed to grow exceptional companies. We put our emphasis on assisting entrepreneurs develop companies that have proven products and have the potential to become leaders in their industry sectors.

Criteria
Whitehorse Capital does not invest in first round or development funding. Our preferred criteria for investment are:
◦Proven technology products and services
◦Corporate divestiture or private sale
◦Significant recurring revenues
◦Short decision period
◦Current revenues of $5 to $50 million
◦Quality personnel.


Focus
Whitehorse Capital business interests span software, hardware and associated operational and transaction management services. We have particular strengths in telecommunications and businesses serving the world's leading financial institutions.

We excel at identifying, isolating and working cooperatively with owners to formulate a mutually beneficial course of action. We work swiftly and flexibly to execute transactions that allow both parties to return to their core skills and focus on honing their comparative advantage.

[buystock] 23/12/2009 04:12

WHITEHORSE take another 735k now upto over 11%,a 2.8m mkt cap have we a predator Changes in significant shareholdings

RNS Number : 5924E
XCounter AB
22 December 2009

PRESS RELEASE







Stockholm, 22 December 2009





XCounter notification of changes in significant shareholdings




XCounter AB (AIM: XCT) ("XCounter"), a technology leader in the development of photon counting X-ray detectors and tomosynthesis based 3D medical imaging, announces today that it has received notification from Whitehorse Investing Ltd ("Whitehorse") that on the 21st December 2009 it purchased 734,786 XCounter shares taking its total shareholding to 4,834,786 shares which represents 11.1 % of XCounter.

PREVIOUS RNS 2weeks ago


03 December 2009

?
PRESS RELEASE




Stockholm, 03 December 2009



XCounter notification of changes in significant shareholdings


XCounter AB (AIM: XCT) ("XCounter"), a technology leader in the development of
photon counting X-ray detectors and tomosynthesis based 3D medical
imaging, announces it has received notification from Whitehorse Investing Ltd
("Whitehorse") that it has purchased 4,100,000
XCounter shares representing
9.41 % of the issued share capital of XCounter, from HealthCap. The Company has
also received notification that funds managed by HealthCap have sold in
aggregate 5,476,487 XCounter shares, representing 12.57% of the share capital in
XCounter.
Whitehorse is an investor in a commercial partner of Oy Ajat Ltd, a company in
which XCounter owns 49.8% and owns a call option for the remaining 50.2%.

[buystock] 22/12/2009 14:57

major breakthrough and xcounter ab/ajat at the forefront of global technology

[buystock] 22/12/2009 14:47

* Systems
* Sensors (OEM)
* Retrofit Sensors

ART Plus Panoramic Imaging System



Technology

ART Plus is a Panoramic Dental Imaging system incorporating AJAT's unique CdTe-CMOS sensor technology and software. ART Plus delivers outstanding image quality, sharpness and contrast resolution combined with advanced functionality and diagnostic tools. The ART Plus dental systems truly address the market need for high quality at affordable cost. The complete product brochure can be downloaded from here.

ART Plus represents a new generation of extra-oral dental X-ray imaging systems. The new CdTe (Cadmium Telluride) sensor technology provides up to 300 individual images per second during a single panoramic exposure. These images are combined to produce multiple panoramic layers of unparalleled quality and clarity.

CdTe-sensor is a unique technology that, unlike any other dental radiology sensor, directly converts X-rays to electronic signals. X-rays are not converted to light, therefore no blurring occurs and image clarity and contrast are increased up to 300 %.

Blurred images with mispositioned patients or unclear images with specific anatomical features that were difficult to diagnose using conventional panoramic systems, can now be easily resolved without additional exposures, using ART Plus autofocus or manual focus features.

Benefits

Up to 300 % Better Image Quality
Up to 3 times less radiation
Auto & Manual Focus
2D Rotation
Multi Focal Layer Imaging
TWAIN & DICOM Compliant
Spine Compensation
Quick Real Time Imaging

[buystock] 21/12/2009 16:46

Site mapText version EnglishSvenskaDanskDeutschSuomeksi |Press kitTerms of use Invest in FinlandFunctions
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Register for full accessForgot password?Why FinlandServicesIndustriesCasesNewsAbout usDownloadsContact usLinksEventsNEWS ARCHIVE 2008News archive 2007Home > News > News 2009 > XCounter acquires Ajat
Swedish company acquires Finnish technology company Oy AJAT Ltd
03/07/2009

The Swedish company XCounter AB has acquired the Finnish company Oy AJAT Ltd, known for its cutting-edge radiation imaging devices.

The Swedish company XCounter AB has acquired almost half of the shares in the Finnish technology company Oy AJAT Ltd. The shares were sold by the management of AJAT, Finnish Industry Investment Ltd and Thomcapital Oy. XCounter AB is listed on the Alternative Investment Market (AIM) of the London Stock Exchange.

AJAT develops and manufactures cutting-edge radiation imaging devices mainly for dental and industrial applications. Ajat's technology has been particularly successful in dental X-ray applications. The imaging devices produced by Ajat are significantly more accurate and faster than others on the market. They can be used, among other things, for real-time checking of goods moving on a conveyor belt.

According to AJAT's press release, XCounter AB is a technology leader in photon counting and tomosynthesis-based 3D medical imaging and the two companies will synergize to integrate AJATs sensors in the XCounter technology, which opens new markets for CdTe/CdZnTe-CMOS sensors. According to AJAT's CEO Konstantinos Spatiotis, the company remains an independent advanced sensor manufacturer with an emphasis on dental and industrial applications, and is also aiming to expand into the medical sector.

According to Heli Kukko, investment manager at Finnish Industry Investment Ltd, AJAT is an excellent example of growth where a technology developed in Finland has been commercialised globally. AJAT has customers in Europe, Asia and the United States. Based in Espoo, AJAT was established in 2002 and currently has 18 employees. The company's turnover in the last accounting period was more than EUR 3 million and it also turned in a profit.



Source: Finnish Industry Investment Ltd.
Latest news
21/12/2009
New joint company for freight services between Finland and Russia
Cross-border freight receives boost as Finland's leading...

21/12/2009
Finland's economy back on a growth track
The worst of the global recession is over and Finland's...









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contact us | tel. [phone], fax. [phone] | Invest in Finland, Kaivokatu 8, FI-00100 Helsinki, Finland

[buystock] 21/12/2009 16:42

Site mapText version EnglishSvenskaDanskDeutschSuomeksi |Press kitTerms of use Invest in FinlandFunctions
Extranet login

Register for full accessForgot password?Why FinlandServicesIndustriesCasesNewsAbout usDownloadsContact usLinksEventsNEWS ARCHIVE 2008News archive 2007Home > News > News 2009 > XCounter acquires Ajat
Swedish company acquires Finnish technology company Oy AJAT Ltd
03/07/2009

The Swedish company XCounter AB has acquired the Finnish company Oy AJAT Ltd, known for its cutting-edge radiation imaging devices.

The Swedish company XCounter AB has acquired almost half of the shares in the Finnish technology company Oy AJAT Ltd. The shares were sold by the management of AJAT, Finnish Industry Investment Ltd and Thomcapital Oy. XCounter AB is listed on the Alternative Investment Market (AIM) of the London Stock Exchange.

AJAT develops and manufactures cutting-edge radiation imaging devices mainly for dental and industrial applications. Ajat's technology has been particularly successful in dental X-ray applications. The imaging devices produced by Ajat are significantly more accurate and faster than others on the market. They can be used, among other things, for real-time checking of goods moving on a conveyor belt.

According to AJAT's press release, XCounter AB is a technology leader in photon counting and tomosynthesis-based 3D medical imaging and the two companies will synergize to integrate AJATs sensors in the XCounter technology, which opens new markets for CdTe/CdZnTe-CMOS sensors. According to AJAT's CEO Konstantinos Spatiotis, the company remains an independent advanced sensor manufacturer with an emphasis on dental and industrial applications, and is also aiming to expand into the medical sector.

According to Heli Kukko, investment manager at Finnish Industry Investment Ltd, AJAT is an excellent example of growth where a technology developed in Finland has been commercialised globally. AJAT has customers in Europe, Asia and the United States. Based in Espoo, AJAT was established in 2002 and currently has 18 employees. The company's turnover in the last accounting period was more than EUR 3 million and it also turned in a profit.



Source: Finnish Industry Investment Ltd.
Latest news
21/12/2009
New joint company for freight services between Finland and Russia
Cross-border freight receives boost as Finland's leading...

21/12/2009
Finland's economy back on a growth track
The worst of the global recession is over and Finland's...









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contact us | tel. [phone], fax. [phone] | Invest in Finland, Kaivokatu 8, FI-00100 Helsinki, Finland

[buystock] 21/12/2009 16:24

HomeContact usCookiesXCounter TechnologyAbout XCounterNewsInvestor InformationCareerDetector technology
Adding solid state detector to the product portfolio
Through the acquisition of AJAY Oy (see Acquisition of Oy AJAT Ltd) XCounter now adds a solid state detector to the product portfolio. The new additional technology enables XCounter to provide a high resolution photon counting area detector with fast readout which is very well suited for use in XCounter's low dose 3D imaging applications.



In addition to providing additional detector technology the acquisition of AJAT Oy also adds new application areas to XCounter's product range, for more information see

» Read more
Imaging technology
Superior 3D Imaging Technology
XCounter has developed groundbreaking technology for capturing digital X-ray images. This platform technology enables high resolution 3D imaging at low radiation dose to the patient.

» Watch tomosynthesis cine movie

» Read more

[buystock] 21/12/2009 16:23

Site mapText version EnglishSvenskaDanskDeutschSuomeksi |Press kitTerms of use Invest in FinlandFunctions
Extranet login

Register for full accessForgot password?Why FinlandServicesIndustriesCasesNewsAbout usDownloadsContact usLinksEventsNEWS ARCHIVE 2008News archive 2007Home > News > News 2009 > XCounter acquires Ajat
Swedish company acquires Finnish technology company Oy AJAT Ltd
03/07/2009

The Swedish company XCounter AB has acquired the Finnish company Oy AJAT Ltd, known for its cutting-edge radiation imaging devices.

The Swedish company XCounter AB has acquired almost half of the shares in the Finnish technology company Oy AJAT Ltd. The shares were sold by the management of AJAT, Finnish Industry Investment Ltd and Thomcapital Oy. XCounter AB is listed on the Alternative Investment Market (AIM) of the London Stock Exchange.

AJAT develops and manufactures cutting-edge radiation imaging devices mainly for dental and industrial applications. Ajat's technology has been particularly successful in dental X-ray applications. The imaging devices produced by Ajat are significantly more accurate and faster than others on the market. They can be used, among other things, for real-time checking of goods moving on a conveyor belt.

According to AJAT's press release, XCounter AB is a technology leader in photon counting and tomosynthesis-based 3D medical imaging and the two companies will synergize to integrate AJATs sensors in the XCounter technology, which opens new markets for CdTe/CdZnTe-CMOS sensors. According to AJAT's CEO Konstantinos Spatiotis, the company remains an independent advanced sensor manufacturer with an emphasis on dental and industrial applications, and is also aiming to expand into the medical sector.

According to Heli Kukko, investment manager at Finnish Industry Investment Ltd, AJAT is an excellent example of growth where a technology developed in Finland has been commercialised globally. AJAT has customers in Europe, Asia and the United States. Based in Espoo, AJAT was established in 2002 and currently has 18 employees. The company's turnover in the last accounting period was more than EUR 3 million and it also turned in a profit.

[buystock] 21/12/2009 16:22

why no rns for this commercial agreement with nucletron

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